New Issue: HSBC prices $1.61 million digital dual directional barrier notes tied to three stocks

By William Gullotti

Buffalo, N.Y., Dec. 7 – HSBC USA Inc. priced $1.61 million of 0% digital dual directional barrier notes due Feb. 21, 2023 linked to the stock performance of General Motors Co., Nvidia Corp. and the General Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each stock is greater than or equal to its 65% barrier level, the payout at maturity will be par plus 27.45%.

Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Digital dual directional barrier notes
Underlying stocks:	General Motors Co., Nvidia Corp., General Electric Co.
Amount:	$1.61 million
Maturity:	Feb. 21, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each stock is greater than or equal to its barrier level, par plus 27.45%; otherwise, 1% loss for every 1% that the worst performer declines from its initial level
Initial levels:	$50.47 for GM, $194.58 for Nvidia, $101.62 for GE
Barrier levels:	65% of initial levels
Pricing date:	Aug. 17
Settlement date:	Aug. 20
Underwriter:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40439JJR7

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